Cortina Asset Management LLC lowered its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 14.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 334,475 shares of the company’s stock after selling 54,623 shares during the period. Calavo Growers accounts for approximately 1.2% of Cortina Asset Management LLC’s portfolio, making the stock its 10th largest position. Cortina Asset Management LLC’s holdings in Calavo Growers were worth $28,230,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of CVGW. Arrowstreet Capital Limited Partnership lifted its position in shares of Calavo Growers by 410.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 132,119 shares of the company’s stock worth $11,151,000 after purchasing an additional 106,261 shares during the period. AGF Investments Inc. acquired a new position in shares of Calavo Growers in the 4th quarter worth approximately $5,935,000. SG Capital Management LLC lifted its position in shares of Calavo Growers by 144.4% in the 4th quarter. SG Capital Management LLC now owns 110,905 shares of the company’s stock worth $9,360,000 after purchasing an additional 65,521 shares during the period. Wells Fargo & Company MN lifted its position in shares of Calavo Growers by 54.9% in the 3rd quarter. Wells Fargo & Company MN now owns 151,114 shares of the company’s stock worth $11,062,000 after purchasing an additional 53,565 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Calavo Growers by 1,869.6% in the 4th quarter. Victory Capital Management Inc. now owns 52,944 shares of the company’s stock worth $4,468,000 after purchasing an additional 50,256 shares during the period. Hedge funds and other institutional investors own 90.97% of the company’s stock.
Shares of Calavo Growers, Inc. (NASDAQ:CVGW) opened at $86.60 on Monday. The firm has a market cap of $1,518.37, a price-to-earnings ratio of 39.91 and a beta of 0.68. Calavo Growers, Inc. has a one year low of $48.75 and a one year high of $90.85.
A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Calavo Growers from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 16th. Stephens boosted their price target on shares of Calavo Growers from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 20th. Lake Street Capital reiterated a “buy” rating and issued a $91.00 price objective (up previously from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded shares of Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $88.00.
In related news, Director Marc Laurence Brown sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $85.05, for a total value of $85,050.00. Following the transaction, the director now directly owns 9,600 shares of the company’s stock, valued at approximately $816,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James E. Gibson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $79.14, for a total transaction of $791,400.00. Following the completion of the transaction, the insider now directly owns 61,991 shares in the company, valued at $4,905,967.74. The disclosure for this sale can be found here. 9.90% of the stock is owned by insiders.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3223860/calavo-growers-inc-cvgw-is-cortina-asset-management-llcs-10th-largest-position.html.
Calavo Growers Company Profile
Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).
Want to see what other hedge funds are holding CVGW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calavo Growers, Inc. (NASDAQ:CVGW).
Receive News & Ratings for Calavo Growers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers and related companies with MarketBeat.com's FREE daily email newsletter.